Financial Services Business In this letter Sheen outlines the following PART 1 – INTRO 1. The Commission has emphasized to businesses, both during on-site visits and industry meetings, the importance of assessing the ML/TF risks to which they could be exposed “in the round”, or as a whole, when reviewing their business risk assessments. 2. […]

  MONEYVAL In 2012, Jersey, together with the other Crown Dependencies, joined MONEYVAL’s mutual evaluation and follow-up process. In future, MONEYVAL will be responsible for assessing Jersey’s compliance with relevant international standards to counter money laundering and terrorist financing. Previous assessments (published in 2003 and 2009) were undertaken by the International Monetary Fund (the “IMF”). […]